Little Rock Chapter 7 & Chapter 13 Bankruptcy Law Firm and Debt Relief Agency Handles All Your Bankruptcy Needs

At The Henry Firm, P.A., we are here to help with your bankruptcy

If you are overwhelmed with debt and are considering declaring personal bankruptcy, you should find one of the best Arkansas bankruptcy attorneys to help you navigate the conditions for declaring bankruptcy. Under Arkansas law, you are responsible for your spouse's debts if you voluntarily assumed them. Also, if you cosigned a loan to your spouse, you are responsible for that debt. Your attorney will help determine which debts are yours, and which debts are not your responsibility.

Filing for bankruptcy in Arkansas could get you back on your feet

Generally, filing for bankruptcy can:

  • Stop foreclosures and allow you to catch up on missed payments
  • Consolidate debts
  • Protect your home and other assets
  • Prevent repossession of your car
  • Force repossessors, in some instances, to return property
  • Stop garnishment of your wages

There are different types of bankruptcy protection including:

  • Chapter 7 bankruptcy — Debtors must liquidate nonexempt possessions to pay off creditors.
  • Chapter 11 bankruptcy — If you have a large debt or business, you may be able to reorganize your debts.
  • Chapter 12 bankruptcy — This is limited to family-based farms.
  • Chapter 13 bankruptcy — This includes a debt adjustment plan to pay off debts from your current income.

At The Henry Firm, P.A., we can determine which type of bankruptcy is appropriate for you.

Filing Chapter 7 debt liquidation bankruptcy in Arkansas

You can only file for Chapter 7 protection if you haven't filed in the last six years. The main criterion for filing Chapter 7 personal bankruptcy is how much disposable income you have at the end of each month. Our attorney can file your Little Rock bankruptcy in court, and we can quickly get you on your feet once again financially.

Chapter 13 personal bankruptcy — maintaining some assets

If you are able to make your monthly living expenses, but not meet minimum payments on other debts, you may qualify for Chapter 13 personal bankruptcy. Under Chapter 13 bankruptcy protection, you will be able to keep certain assets — in some instances, even your home, your business and other valuable assets. The Chapter 13 bankruptcy process can go on for five years.

At The Henry Firm, P.A., we offer free consultations for bankruptcy clients in Little Rock, AR

When you are overwhelmed with personal debt, an attorney who cares and who acts with integrity can help. Call The Henry Firm, P.A. of Little Rock for a free consultation now. You don’t have to go through bankruptcy alone. We are here to help. For your free consultation on bankruptcy, contact us online or call our office at 866-473-9396.